Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Occupied Palestine: Israeli occupation forces demolishe residential homes east of Khan Younis city in the southern Gaza Strip
Al Mayadeen correspondent: An Israeli drone attacked the main road in the town of Harouf, South Lebanon.
Lebanese President: Israeli aggression on Blida took place in aftermath of meeting of ceasefire monitoring committee.
Lebanese President Joseph Aoun asks Commander of Lebanese Army to confront any Israeli incursion into liberated Lebanese territory in the South.
Al Mayadeen's correspondent: Israeli aircraft launch series of strikes on area of Jarmaq, South Lebanon.
Reuters: Afghanistan and Pakistan agree to restart peace talks in Istanbul.
Al-Mayadeen's correspondent in southern Lebanon: Israeli occupation forces withdraw from the Blida municipality building two hours after occupying it, and the Lebanese army enters
Pakistani army: 6 soldiers and 7 militants killed in clash near the Afghan border
Israeli media: Sirens sound in the settlement of Kerem Shalom in the Gaza envelope area
Afghan source to Al Mayadeen: We still believe in dialogue and prioritize diplomatic solutions with Pakistan; though we are ready for all possibilities.

Over 16 years, JPMorgan allegedly processed over $1bln for Epstein

  • By Al Mayadeen English
  • Source: The Guardian
  • 1 Sep 2023 11:39
  • 1 Shares
3 Min Read

The US Virgin Islands lawyer has accused JPMorgan of ignoring Epstein's sex trafficking operation after processing $1 billion on his behalf.

  • x
  • JPMorgan processed 1 billion dollars for Jeffery Epstein in 16 years.
    Jeffery Epstein's mugshot provided by the New York State Sex Offender Registry, March 28, 2017 (AP)

JPMorgan Chase has admitted to processing more than $1 billion in transactions for the late financier Jeffrey Epstein over a period of 16 years.

The information was made public by a lawyer representing the US Virgin Islands during a hearing related to its ongoing lawsuit against the banking giant.

Mimi Liu, the attorney representing the US Virgin Islands, where Epstein owned two islands, said during the hearing that JPMorgan had reported these transactions as suspicious to the US Treasury Department shortly after Epstein's suicide in 2019. However, the details of these reports remain confidential, as they are not publicly available.

Jeffrey Epstein, a former client of JPMorgan from 1998 to 2013, was fired by the bank amid mounting controversies surrounding his involvement in sex trafficking. At the time of his death, he was awaiting trial on charges related to these activities.

The US Virgin Islands filed a lawsuit against JPMorgan, seeking at least $190 million and potentially more in damages. The territory alleges that the bank turned a blind eye to numerous red flags indicating that Epstein was running a sex trafficking operation, primarily due to his status as a highly profitable client.

JPMorgan vehemently denies any prior knowledge of Epstein's illicit activities and has criticized the US Virgin Islands for its close association with the financier.

Related News

US slashes refugee admissions, but prioritizes white South Africans

US advances Gaza security force plan amid fragile ceasefire

Liu's revelation of the previously undisclosed $1 billion in transactions was presented as part of her argument that US District Judge Jed Rakoff should consider whether JPMorgan was complicit in Epstein's sex trafficking prior to the trial. Liu contended that it would be implausible for a reasonable juror to believe that JPMorgan was unaware of Epstein's activities, asserting that the bank provided comprehensive banking services to Epstein's sex trafficking operation.

"JPMorgan was a full-service bank for Jeffrey Epstein’s sex trafficking," Liu said. 

In response, Felicia Ellsworth, an attorney representing JPMorgan, argued against Judge Rakoff pre-determining the bank's knowledge before going to trial, adding that current and former employees have stated that they were unaware of Epstein's heinous activities. Ellsworth also pointed out that JPMorgan had notified the Treasury Department about Epstein's transactions on multiple occasions, dating back to 2002.

Furthermore, Ellsworth contested the US Virgin Islands' accusation that JPMorgan obstructed investigations into Epstein's activities. She stated that the bank had actively inquired with federal authorities about their own investigations into Epstein's conduct, characterizing these actions as the opposite of obstruction.

A trial for this case is scheduled to commence on October 23, 2023. Judge Rakoff has indicated that he will make a decision by the end of September to resolve significant legal disputes before the trial proceeds.

It's worth noting that in June, Judge Rakoff preliminarily approved JPMorgan's $290 million settlement with women who alleged they were victims of Epstein's abuse. Additionally, Deutsche Bank, where Epstein was a client from 2013 to 2018, previously reached a $75 million settlement with his accusers.

Read more: Negligence, misconduct behind Epstein's death, DOJ claims

  • United States
  • JPMorgan
  • Jeffrey Epstein
  • Sex Trafficking
  • US Virgin Islands

Most Read

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Hi-tech holocaust: Microsoft’s role in Gaza genocide

Microsoft's role in world’s first AI-driven genocide, in Gaza, exposed

  • Technology
  • 28 Oct 2025
What Marr evidently didn't seem to understand was that Hedges isn't saying that Western journalists manipulate the truth, but that they systematically amplify Israeli narratives they know are false. (Al Mayadeen English; Illustrated by Batoul Chamas)

Western journalists know they have a case to answer for their betrayal of Gaza, and it frightens them

  • Opinion
  • 24 Oct 2025
Trump says US preparing ground operations in Venezuela

Trump says US preparing ground operations in Venezuela

  • Politics
  • 24 Oct 2025

Coverage

All
War on Gaza

Read Next

All
ap
Politics

Hamas calls on int’l community to act against Israeli settlement plan

In this Nov. 9, 2017, file photo, U.S. President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing. (AP)
Economy

Ex-US diplomat says Trump-Xi deal 'tactical retreat', not lasting deal

An unarmed Minuteman II intercontinental ballistic missile launches from Vandenberg Air Force Base, California, during a test in 2002. (US Air Force)
Politics

JD Vance defends Trump's nuclear test plan as 'crucial for security'

Ultra-Orthodox Jews attend the "million man" protest against military conscription, in occupied al-Quds, October 30, 2025 (AFP)
Politics

Haredi mass rally in al-Quds exposes Zionist regime's growing crisis

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS